Expense in Latvia
Latvia: Expense was 34.2% in 2023. ▲ Rising
Expense in Latvia, 1994–2023
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of GDP.
Analysis
The most recent figure for expense in Latvia is 34.2%, measured in 2023.
Compared with earlier readings it is down 5.9% on the previous year and up 7.9% over ten years.
Over the whole period, expense in Latvia peaked at 39.6% in 2010 and was at its lowest, 17.7%, in 1994.
Latvia ranks 40th of 157 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 30 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 30.5% | 17.7% | 35.6% | 6 |
| 2000s | 29.9% | 26.1% | 37.8% | 10 |
| 2010s | 32.5% | 30.4% | 39.6% | 10 |
| 2020s | 36.3% | 34.2% | 38.5% | 4 |
Countries ranked near Latvia
More economy & growth data for Latvia
- DEC alternative conversion factor 0.885 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) 849.88 million current LCU (2024)
- Net secondary income (Net current transfers from abroad) 919.89 million current US$ (2024)
- Taxes less subsidies on products 5.62 billion current LCU (2025)
- Taxes less subsidies on products 6.35 billion current US$ (2025)
- Net primary income (Net income from abroad) -836.82 million current LCU (2024)
- Net primary income (Net income from abroad) -905.76 million current US$ (2024)
- GNI per capita 23,085 current LCU (2025)
- GNI per capita, Atlas method 24,980 current US$ (2025)
- GNI 42.66 billion current LCU (2025)
Frequently asked questions
- What is expense in Latvia?
- Expense in Latvia was 34.2% in 2023, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest expense recorded in Latvia?
- The highest recorded value was 39.6% in 2010.
- What is the lowest expense recorded in Latvia?
- The lowest recorded value was 17.7% in 1994.
- How does Latvia rank for expense?
- Latvia ranks 40th out of 157 countries with data for 2023.
- Is expense rising or falling in Latvia?
- Over the last ten years it is up 7.9%. The long-run trend across the full record is rising.
- Where does this Latvia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Expense (% of GDP). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Expense is a decrease in net worth resulting from a transaction. This indicator is expressed as a percentage of Gross Domestic Product (GDP) which is the total income earned through the production of goods and services in an economic territory during an accounting period.